The latest announcement is out from AuKing Mining Ltd ( (AU:AKN) ).
AuKing Mining Limited has entered into a joint venture with Tick Hill Mining Pty Ltd and Orion Resources Pty Ltd to establish a processing operation at the Tick Hill gold mine. This venture aims to reprocess existing tailings and potentially restart the historical open pit, with a feasibility study commencing immediately. An independent Preliminary Economic Assessment confirmed the technical and financial viability of the project, which could significantly enhance AuKing’s operations and market positioning by providing early cash flows and supporting future project developments.
More about AuKing Mining Ltd
AuKing Mining Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in gold mining and has a market focus on reprocessing tailings and restarting historical mining operations.
Technical Sentiment Signal: Buy
Current Market Cap: A$4.02M
Learn more about AKN stock on TipRanks’ Stock Analysis page.